TermRunner: Buy up to One Million Dollars of Term Life Insurance in one day

Frequently Asked Questions

Part of understanding is knowing. We have put together key words that may aid you through your shopping experience. If you have further questions feel free to place your inquiries on our Contact Us page.

Q: How do I purchase a policy from TermRunner?
A: Purchasing a Life Insurance policy from TermRunner is a very simple process. Policies will be issued from Liberty Life, Fidelity Life, or other trusted life insurance companies. You can read more about our process by clicking here.

Q: How is Term Life Insurance different from other types of Life Insurance?
A: Term Life Insurance gives policyholders Life Insurance coverage at the most affordable rates when compared to other type of more expensive policies, such as Whole Life or Universal Life. Policies can be tailored and purchased for a specific period of time, ranging from ten to thirty years. In the event an insured individual passes on within the specified period (the "Term") and premiums have been paid, the policy will pay a specified death benefit. And since the insurance is for a definite limited period and accrues no cash value, premiums tend to be lower.

Q: Do I need Life Insurance?
A: Yes! Whether you’re married or single; are retired or beginning your career; have children or are planning starting a family, the perfect time to purchase Life Insurance is right now. It's important to remember that the younger you are when you make your purchase, generally the less expensive it will be.

Life Insurance helps you to maintain your family's household, and provides the resources to meet your obligations, such as your car loan, mortgage payments, household bills, dependents care and more. Your Life Insurance policy can be tailored to fit your specific needs and has the flexibility to respond to changes as your circumstances may require. So this answer is a resounding YES! Virtually everyone needs Life Insurance.

Q: Will I need a medical exam to qualify?
A: No! TermRunner offers Life Insurance policies without a medical exam, which means you will be almost immediately approved if you qualify. The application form does require that you answer questions about your health, but there is no medical exam required.

Q: When will my coverage begin?
A: Your Life Insurance policy will be in effect when it is approved and your first premium has been paid. This is typically within 24 hours for qualified applicants and frequently this only takes minutes while you are on the phone with our agents. If you are replacing existing coverage, you should never drop your existing coverage until your new policy has been approved, your first premium has been paid and you are certain that your new policy is in effect. You will never want to be without coverage!

Q: Will it cost me anything to obtain a quote?
A: No! TermRunner will not charge you anything to obtain a quote. You are under no obligation to buy anything when speaking to one of our insurance sales agents.

Q: How much will a policy cost?
A: Each Life Insurance policy is different, depending on the amount of insurance purchased and the age, gender, and health history of the individual applying for the policy. If you would like an estimate, please take a few minutes and fill out a quote inquiry and one of our insurance sales agents will contact you. Or call us Toll-Free at 1-800-680-7160.

Q: How can I be sure the insurance companies represented by TermRunner are high quality?
A: TermRunner provides life insurance policies from insurance companies rated "Superior" or "Excellent" from the A.M. Best Company, the leading authority in the United States regarding insurance company financial ratings. Please see our companies we represent to learn more information.

Q: Do I have to meet with an insurance sales agent?
A: No. All interaction with our insurance sales agents are on the phone. You can buy your policy from the comfort of your own home without taking a medical exam. All of our agents are professional, highly trained and very friendly.

Q: Can I change my policy if I already have one?
A: Yes. You can replace your Life Insurance policy at any time, but there are many factors to consider prior to making that decision. Our goal is to help you make the best choices for your unique needs. It's a good idea to review your Life Insurance policy on a regular basis. Your specific Life Insurance needs change with life events such as the birth of a child, marriage, home purchase, etc. TermRunner can help with reviewing your existing coverage and creating the plan that suits your current life situation.

Q: What if I apply but do not qualify for life insurance from TermRunner?
A: If your application is not approved, our licensed agents also represent other life insurance companies which may be able to issue coverage for you. They may be able to provide you with Term Life Insurance coverage that requires a simple medical exam. This way, many applicants can still get coverage - even if they don't qualify for the high-speed approval process.

Q: Does this type of policy have any cash value?
A: Term Life insurance doesn't carry a cash value. Every dollar of your premium payment is dedicated to providing Life Insurance protection. There is no savings feature. Term Life insurance is the least expensive type of life insurance.

Q: Why do I receive different quote amounts from every company? Isn't Life Insurance basically the same?
A: Insurance companies do extensive analysis on life expectancy based on a large number of factors. Every company develops their rates based on their own analysis and business requirements. Like any product there will be variations in price. That's where TermRunner delivers value - you will get a Term Life policy that fits your needs, and your budget!

Q: What can I do if I have any questions?
A: If you are requiring any assistance with TermRunner or if you have any questions, you may visit our contact us page for help. We are here to assist you with your Term Life Insurance purchase. Call us Toll-Free at 1-800-680-7160.